I don't bitcoin mine myself (as I fold, and will stick to that), but from what i've read, if I were to engage in mining, I would probably go the C4C way. It does sound like they take quite a large cut, but considering the huge risk that Bitcoin's won't ever take off and end up as worthless bits and bytes, having the guarantee of payment in USD is a lot better.

Of course, there is always the chance that bitcoins do eventually take off and you'll have an active exchange market, but I believe this is the less probable option of the two. Without any government backing, starting a new form of currency is a huge risk.

so 5 days to make something that may be worth 50$? you could make 6 times that just using your word processor to make flyers for a business.

there are plenty more profitible ways to use your rigs to make money trouble is a real job will always win out. (think benefits)

Click to expand...

Sure and thats why I am going to be working as a Waiter at hotel starting Next week But alas I am a college student and between work and studies it would be nice to have my PC work for my allowance (so to speak).

I've got my CPU folding and my GPU making bitcoins, its more efficient at it then the GPU folding@home client anyways.

I wouldn't agree with you on that. If your GPU can generate 10,000 USD in an year (assuming someday bitcoins have a market value of 1 USD) versus your GPU solves cancer 2 years down the line, can you really say bitcoin mining was a more efficient use of your GPU?

I wouldn't agree with you on that. If your GPU can generate 10,000 USD in an year (assuming someday bitcoins have a market value of 1 USD) versus your GPU solves cancer 2 years down the line, can you really say bitcoin mining was a more efficient use of your GPU?

Click to expand...

Well I have an ATI card and F@H would only use 80-90% of my GPU.

The Open CL used in Bitcoin uses 97-99% of my GPU.

Thats what I'm talking about. I understand what your saying but along those lines Bitcoin is making more use of my GPU then F@H was.

Well I decided to go the Compute4Cash route and it all seems to be going fine.

Currently I only have a 5770 running it now, so I'm getting about 0.49 WU/hr, but (if my calculations are correct) it will take about 4.25 days until I pass the 50 WU mark, and by then I'll switch to a new 5850.

Using the 5850, I will achieve 20.4 work units every 24 hours, so I will be able to cash in every 3 days or so. This results in $4.08 a day, and 28.56 every week.

I might end up switching myself. We can compare to see who makes more cash

I think I generated 50 Bitcoins cause it says Generated (50.00 matures in 113 more block)

It just hasn't shown up yet.

If so man I was lucky I just switched to solo and in less than a day made 50 Hope thats what it means of course. Looking it up.

Edit: Just double clicking it says this.

Status: 7 confirmations, broadcast through 29 nodes
Date: 2/18/2011 17:34
Source: Generated
Credit: (50.00 matures in 113 more blocks)
Net amount: 0.00
Generated coins must wait 120 blocks before they can be spent. When you generated this block, it was broadcast to the network to be added to the block chain. If it fails to get into the chain, it will change to "not accepted" and not be spendable. This may occasionally happen if another node generates a block within a few seconds of yours.

I did make 50 Bitcoins in less than a day So it takes about a day for them to "Mature". That is waiting for 120block, but I'm on 113 so we shall see.

I might end up switching myself. We can compare to see who makes more cash

I think I generated 50 Bitcoins cause it says Generated (50.00 matures in 113 more block)

It just hasn't shown up yet.

If so man I was lucky I just switched to solo and in less than a day made 50 Hope thats what it means of course. Looking it up.

Edit: Just double clicking it says this.

Status: 7 confirmations, broadcast through 29 nodes
Date: 2/18/2011 17:34
Source: Generated
Credit: (50.00 matures in 113 more blocks)
Net amount: 0.00
Generated coins must wait 120 blocks before they can be spent. When you generated this block, it was broadcast to the network to be added to the block chain. If it fails to get into the chain, it will change to "not accepted" and not be spendable. This may occasionally happen if another node generates a block within a few seconds of yours.

I did make 50 Bitcoins in less than a day

Click to expand...

Nice job! (or luck)

Yeah I have a little over one WU right now, after about 2 hours, and it has had a steady rate of .48-.50.

The site is actually pretty nice, and it seems pretty snappy with the 5 minute updates.

So my 5850 is going to arrive in the next couple of days, and I've seen the WU/hr for 5770 and 5870, but not 5850.

I'm guessing it will get somewhere between .70 to .80, however I'm not sure at all really.

When you run bitcoin as bitcoin.exe -server and then run the batch that uses your GPU your GPU will start looking for coins in bitcoin for the pool.

You can verify that its working cause when you look under workers under the account page at http://mining.bitcoin.cz, current shares and score should be going up. If its zero you haven't done something right.

@AphexDreamer
Hi! I'm new here and am very interested on how bitcoins work. I have already done backreading and the only thing that's keeping me from mining is the length of time it takes to generate a block. I have a Sapphire AMD 6850 and I OCed it to 1010Mhz Core and averaging 200Khps and upon checking the BitCoin Generation Calc, it will take me on ave 9 days to produce one, and that means 24/7 which seems to be impractical.

Registrations are currently closed on http://mining.bitcoin.cz, and I did google and can't find any other Mining Pool to join. Hope they open up soon.

Just a query, did you exchange your BitCoins to cash? or bought your Crysis 2 directly using BTC?

@AphexDreamer
Hi! I'm new here and am very interested on how bitcoins work. I have already done backreading and the only thing that's keeping me from mining is the length of time it takes to generate a block. I have a Sapphire AMD 6850 and I OCed it to 1010Mhz Core and averaging 200Khps and upon checking the BitCoin Generation Calc, it will take me on ave 9 days to produce one, and that means 24/7 which seems to be impractical.

Registrations are currently closed on http://mining.bitcoin.cz, and I did google and can't find any other Mining Pool to join. Hope they open up soon.

Just a query, did you exchange your BitCoins to cash? or bought your Crysis 2 directly using BTC?

Click to expand...

Edited since we can't talk about how to trade coins do to forum rules.

I was really lucky and Generated two blocks total of 100 Bitcoins in Two days!

Its all luck man. Think of it as the lottery, whilst your PC is running your in the Lottery and the higher your hash the more of your there is playing in the lottery.

@AphexDreamer, how did you get the bitcoin.exe -server to work? I always get an error and it doesn't run unless I use the other app bitcoind.exe to make the GPU work. When I use the GUI based, it only uses the CPU cycles which is like 2khps compared to GPU 200khps.

@AphexDreamer, how did you get the bitcoin.exe -server to work? I always get an error and it doesn't run unless I use the other app bitcoind.exe to make the GPU work. When I use the GUI based, it only uses the CPU cycles which is like 2khps compared to GPU 200khps.

Click to expand...

To get it to work I did exactly what you see above.

It didn't work for me so I just made a batch file that when executed would take me to the bitcoin file path and I always just type bitcon.exe -server and it launches.

Since I have it running all the time its rare I have to even launch it. So typing it isn't a problem for me and it works.